[1] Take a new file of 1280 pixels, 1024 pixels, of resolution 72 dpi in the RGB mode with a white background.

[2] Now create a new layer and make a circle and fill it with F4F4F4 as shown

[3] Create another new layer and goto shapes make a shape like that and fill it with same color and press Ctrl+T to rotate it as shown

[4] Now lock both layers and press Ctrl+E to merge them and open blending options and set these settings

Now you have something like that

[5] Create a new layer and make a circle on it and fill it with 1295D7

[6] Open Blending options and apply these settings.

[7] Your image should look like this now make another circle on top on a new layer and fill it with white

[8] Open blending options of this layer and set these settings

your image should look like this

[9] Now make another Black circle on a new layer

[10] Open Blending options of this layer and set these settings

[11] Now change layer style to Softlight

[12] Now lock all layer and press Ctrl+E to Merge them then press Ctrl+J to duplicate it and press Ctrl+T to rotate it as shown

[13] Now place this duplicated layer behind the main layer and do it again on the left and bottom side.

And Your Silver Web Logo Is Ready…!!!